Is It Okay To Pay Yourself For Caring For Parent With Dementia With Their Funds From Estate?

Question

Asked by Miss Jane

Is It Okay To Pay Yourself For Caring For Parent With Dementia With Their Funds From Estate?

Can one pay themselves for care of parent with dementia needing 24 hr care and would amount have to be set by courts? There are no guardianships or power of attorneys in place as of today.

Answer

Hi, Miss Jane,

I agree with everything that the previous respondents have said. I also would encourage you to keep keep any family members in the loop during these conversations about financial reimbursement. That way everything is above board and no one gets suspicious about what you're doing with your parent's resources.

Take care and keep us posted!

Dorian

Answered by Dorian Martin